Global Payments System (GPS)

The need for a new payment engine

Mergers and globalization in the banking industry are driving the need for an interoperative payments hub that enables global banks to compete more effectively. Automation, standardization, and Straight-Through Processing are essential to success in such a marketplace, as are management of domestic and worldwide regulatory requirements, and reliable liquidity and risk management.

Montran Global Payment Solutions

The latest open‐system release of Montran’s successful and proven Global Payment System (GPS) is an online system for the automatic processing of all payments both foreign and domestic. In addition to being a SWIFT Ready application, Montran’s GPS has certified interfaces to clearing and settlement systems all over the world.

A truly global solution, GPS consolidates all payment infrastructures into a payment hub that supports multiple banks and branches, in multiple countries, using multiple currencies, in multiple languages.

Running on all popular platforms and relational databases, GPS delivers outstanding scalability and reliability.

Better funds management control

Montran’s liquidity management tracks positions throughout the day in real‐time. Interoperable with payment and communication data, this module provides immediate access to global currency position information and controls payment scheduling, routing and re‐routing in accordance with procedures specified by the bank.

Improve operational efficiency

By multiple payment-related applications, such as our well established Investigation Compensation System, DDA Current Account System, General Ledger products, and Global Webstation, the Montran solution eliminates the costs and overhead of supporting multiple systems. GPS also reduces risk exposure by providing consolidated views of the bank’s position while improving the quality of customer service.

Montran Payment Gateway System

The Montran Payment Gateway provides a portal to communication networks, including SWIFT and other messaging providers, back-office systems and payments involving National Electronic Payment Systems (NEPS) such as RTGS, ACH and CSD. Flexible system architecture allows the Payment Gateway to adapt to any configuration requirement, including access from branches around the world. To facilitate STP for payment and message information, the Gateway accepts messages and payments in standard SWIFT FIN and MX, SEPA, ISO, XML, and proprietary formats. Outgoing payments and messages likewise comply with the requirements of SWIFT FIN and MX, SEPA, ISO, NEPS and comparable interfaces. The Payment Gateway uses a Thin Client to provide access to both head office and branches.

Montran Payment Services

Transformations in banking and payment technologies, such as IP replacing other protocols and the use of SWIFTNet and XML, are being adapted by clearing systems such as CHIPS, Fedwire, TARGET2, CLS and other CSMs. These institutions establish the standards for Payment Services, creating opportunities for a broad range of services for the bank’s clients. Montran’s use of modular components fully automates client payment services while significantly reducing the cost and risk associated with implementing complex payment applications. Montran offers solutions ranging from a simple client connection delivering payments to a system that provides a broad range of global services. An implementation of Client Payment Services comprises a variety of Payment Origination and Delivery options, all relevant Monitoring displays and broad-based Reporting facilities. Payment services include the processing of a full range of settlement and clearing transactions including SEPA credit transfers and direct debits, foreign currency transactions including conversion, correspondent payments, remittances, checks, and foreign drafts. Instructions are enriched with Commission and Charges including special customer conditions, settlement instructions, economic codes, and accounting entries. Output messages are formatted and transmitted and acknowledgements are sent.

Features
Modules
Security

Other Features

Global positioning: allows real-time liquidity management, tracks positions throughout the day, and dynamically routes messages.
Flexible customizations: addresses each bank's specific requirements through the use of layered software implementations.
Message standardization: usage of a common internal format allows automatic transformation to and from the appropriate SWIFT, ISO, or clearing formats and the bank’s front-office and back-office systems.
Complete Anti Money Laundering (AML) system for the identification and blocking of transactions involving parties found on OFAC – Office of Foreign Asset Control, Global Watch Lists, LAC – Local Asset Control, European and other country AML Lists.

GPS Modules

Global Webstation – a powerful three‐tier, cross-platform, client-facing, Java‐based application that enables the user to exercise complete control over accounts at the host bank.
Liquidity Management – a real-time multi-currency funds control management system that uses data produced by the payments and communication modules and provides immediate access to global monetary position information and control over scheduling and release of payments.
Universal Interface – a comprehensive middleware solution that automates the exchange of information between the funds transfer networks and any external system. It enables SWIFT-style, ISO, and XML message exchange to control account balance information, advice of receipt, disposition of payments and posting of daily activity, as well as general payment processing and advising.
Message Gateway – allows multiple applications, banks and branches to share resources, and facilitates the exchange of payment messages to and from SWIFT, Clearing and Settlement Systems, back-office interfaces, and other interoperative products.

Security

The Montran GPS provides the highest level of protection and confidentiality of transaction information in the industry. The security standards are designed to meet or exceed those of the SWIFT network, even when not directly interfacing with SWIFT. Data access security is provided through both digital signature and encryption technology based on Public Key Technology. For any sensitive operation a four or even six‐eye approval policy is applied. Screens are designed to be user friendly and intuitive with customizable menus by way of user profile functions. The system supports integration with an LDAP server as a Centralized User Repository, Single Sign On and two‐factor authentication.

World Leader in Payment System Solutions